Millennium Management Portfolio holdings
Millennium Management, founded in 1989 by Israel (Izzy) Englander and Ronald Shear and headquartered in New York City, is a global multi-strategy hedge fund managing over $71 billion in assets as of late 2024, employing a decentralized model with over 300 independent trading teams. Operating across equities, fixed income, commodities, currencies, and derivatives, the firm uses a mix of quantitative and fundamental strategies, providing its portfolio managers with capital, infrastructure, and autonomy to pursue diverse investment approaches while enforcing strict risk management. With more than 5,400 employees across offices in London, Hong Kong, Singapore, and beyond, Millennium has evolved from its initial $35 million seed capital—partly from the Belzberg family—into a titan of the hedge fund world, known for its ability to attract top talent and deliver consistent returns. Under Englander’s leadership as chairman and CEO, the firm remains a low-profile yet highly influential force in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPL
PPL Corp
PPL
|
+$304M |
| 2 |
SWN
Southwestern Energy Company
SWN
|
+$207M |
| 3 |
Biogen
BIIB
|
+$177M |
| 4 |
MON
Monsanto Co
MON
|
+$164M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceuticals
TEVA
|
+$412M |
| 2 |
Pfizer
PFE
|
+$283M |
| 3 |
Devon Energy
DVN
|
+$194M |
| 4 |
Valero Energy
VLO
|
+$187M |
| 5 |
Altria Group
MO
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14% |
| 2 | Energy | 11.19% |
| 3 | Financials | 8.75% |
| 4 | Consumer Discretionary | 8.58% |
| 5 | Industrials | 8.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
KBR
KBR
$4.68B
| $37.7M | 0.07% |
1,935,924
-534,946
| -22% | -$9.58M |
|
352
SPX Corp
SPXC
$11B
| $37.5M | 0.07% |
2,055,473
+649,235
| +46% | +$12.7M |
|
353
PACCAR
PCAR
$69.6B
| $37.3M | 0.07% |
877,806
+83,904
| +11% | +$3.62M |
|
354
Welltower
WELL
$178B
| $37.3M | 0.07% |
568,649
+69,885
| +14% | +$5.01M |
|
355
Rithm Capital
RITM
$5.09B
| $37.3M | 0.07% |
2,446,783
+2,076,325
| +560% | +$34.4M |
|
|
DF
356
DELISTED
Dean Foods Company
DF
| $37.2M | 0.07% |
2,301,748
-897,700
| -28% | -$15.7M |
|
357
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $37.1M | 0.07% |
437,519
-10,266
| -2% | -$871K |
|
358
Home Depot
HD
$332B
| $37.1M | 0.07% |
333,752
-19,205
| -5% | -$2.15M |
|
359
H&R Block
HRB
$5.18B
| $37.1M | 0.07% |
1,249,834
+1,235,649
| +8,711% | +$38.8M |
|
360
Norwegian Cruise Line
NCLH
$8.89B
| $37M | 0.07% |
660,813
+380,166
| +135% | +$20.4M |
|
361
O-I Glass
OI
$1.39B
| $37M | 0.07% |
1,610,752
+688,962
| +75% | +$16.8M |
|
362
Equinor
EQNR
$95.9B
| $36.7M | 0.07% |
2,052,412
-2,793,459
| -58% | -$54M |
|
|
ZNGA
363
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $36.5M | 0.07% |
12,760,496
+6,401,240
| +101% | +$17.9M |
|
364
AutoZone
AZO
$48.3B
| $36.4M | 0.07% |
54,608
+54,494
| +47,802% | +$37.3M |
|
|
EMC
365
DELISTED
EMC CORPORATION
EMC
| $36.4M | 0.07% |
1,379,787
-3,160,510
| -70% | -$84.3M |
|
366
Landstar System
LSTR
$6.8B
| $36.3M | 0.07% |
542,467
+413,663
| +321% | +$26.9M |
|
367
SPDR Gold Trust
GLD
$131B
| $36.2M | 0.07% |
321,980
+203,185
| +171% | +$23.3M |
|
368
PG&E
PCG
$47.8B
| $36M | 0.07% |
732,800
+78,804
| +12% | +$4.1M |
|
369
Procter & Gamble
PG
$343B
| $36M | 0.07% |
459,541
-369,730
| -45% | -$29.8M |
|
370
SLB Ltd
SLB
$77.8B
| $35.9M | 0.07% |
416,129
+191,041
| +85% | +$17.2M |
|
|
PDCE
371
DELISTED
PDC Energy, Inc.
PDCE
| $35.9M | 0.07% |
668,427
-1,014,405
| -60% | -$57.3M |
|
|
PLL
372
DELISTED
PALL CORP
PLL
| $35.8M | 0.07% |
+287,407
| New | +$32.4M |
|
373
Waste Management
WM
$95.9B
| $35.7M | 0.07% |
770,951
+139,561
| +22% | +$7.02M |
|
|
HRC
374
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $35.7M | 0.07% |
657,180
+331,620
| +102% | +$17.2M |
|
375
ArcelorMittal
MT
$50.4B
| $35.6M | 0.07% |
1,600,164
+1,536,547
| +2,415% | +$37M |
|
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Millennium Management's Q2 2015 Portfolio in Review
As of Q2 2015, Millennium Management held 4,294 positions worth $52.9B, down 1.6% from $53.7B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Millennium Management's Q2 2015 filing shows 780 new, 1,199 increased, 1,223 reduced and 1,034 closed positions. Its largest new stake was Charter Communications: 575,958 shares worth $98.6M. The largest sale was Teva Pharmaceuticals, an estimated $412M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, down from 15% a quarter earlier, followed by Energy and Financials.
- Millennium Management's largest Q2 2015 buy was Charter Communications: 575,958 shares worth $98.6M.
- Millennium Management added most to PPL Corp in Q2 2015, an estimated $304M increase.
- Millennium Management's biggest Q2 2015 reduction was Teva Pharmaceuticals, cutting an estimated $412M.
- Millennium Management fully exited SALIX PHARMACEUTICALS LTD DEL in Q2 2015, selling an estimated $145M.
- Millennium Management's ten largest holdings make up 11% of its $52.9B portfolio in Q2 2015.
- Millennium Management opened 780 new positions and closed 1,034 in Q2 2015.
- Millennium Management's portfolio value fell 1.6% quarter-over-quarter to $52.9B.
Based on Millennium Management's 13F filing for Q2 2015, filed 14 Aug 2015.